Greg Schvey

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Greg Schvey

Greg Schvey

@GSchvey

| Tech, markets, history, MMA | COO at @Yumagroup; opinions my own | Founded + sold fintech businesses to @DCGCo + @LSEplc | Life is too short for lazy workouts

Katılım Mayıs 2022
1.1K Takip Edilen1.9K Takipçiler
Greg Schvey
Greg Schvey@GSchvey·
Would add that @_redteam_ seems to have been programmatically buying their alpha consistently for three months. They're staking rather than burning, but it's still providing equivalent economic support to their alpha price, driving miner and validator incentives.
Greg Schvey tweet media
τao τemplar@TAOTemplar

Only 2 productive bittensor subnets are consistently manually burning their alpha daily (not miner burns, these are buyback+burns). @lium_io leads with ~87 TAO worth of their alpha burnt per day (in the last 30 days). This insane amount is partially due to buyback+burns, but also because @fish_datura is insane and is burning a lot of his subnet owner emissions. @chutes_ai boughtback+burnt an average of ~28 TAO worth of their alpha per day (in the last 30 days). Honorable mentions @sportstensor (almanac) and @VantaSN8 both were burning for several days in a row earlier in the month, but have now stopped. This will be clearly visible publicly on taoflute.com soon.

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TAO.com
TAO.com@TAO_dot_com·
BREAKING: You can now use this UI to easily move between TAO (Substrate), the EVM and the SVM. bridge.tao.com Happy Bridging!
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Algod
Algod@AlgodTrading·
Subnets owners should mine their own subnets (without unfair advantage)
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Greg Schvey
Greg Schvey@GSchvey·
Big announcement from @TAO_dot_com, @solana and @sunrisedefi today. Solana has a $49B market cap, $15B in stablecoins, and $5.4B TVL in DeFi contracts. Even a fraction of a percent of that capital would materially increase the incentives that drive Bittensor's intelligence production machine. For context: $5M of net buy pressure moves $TAO ~2% at current orderbook depth, which would add $16M/year to miner incentives.
Greg Schvey tweet media
Solana@solana

$TAO by @TAO_dot_com is now live on Solana via @sunrisedefi

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RedTeam
RedTeam@_redteam_·
We have now passed eleven weeks of token buy-back. #SN61 outputs now serve over 125 million DAU across our client base, through innerworks.me. We actively seeing a changing of the guard within cybersecurity. 1inch.com is the first of many we can publicly name. 150 TAO routed into emissions to date, and growing.
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Greg Schvey
Greg Schvey@GSchvey·
Strong day for the Silbert trade
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Yuma
Yuma@YumaGroup·
Institutions can now stake $TAO directly to Yuma's validator via Colossus Hub, live for any supported custodian including @FireblocksHQ and @Ledger Enterprise
Yuma tweet media
Colossus Digital@ColossusItaly

Holding $TAO in custody but unable to stake? With Colossus, you can now stake $TAO to @YumaGroup directly from your custody solution — including @Fireblocks, @ledger_business, and DFNS. 🎥 Full TAO delegation completed in under 2 minutes. 👉 Book a demo and start generating yield on your $TAO today. loom.com/share/e1a23ba6…

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Greg Schvey
Greg Schvey@GSchvey·
@vidaio_ To add to this: as flow into one subnet helps pull up the $TAO price, it reprices (on a USD basis) the value of all other subnet tokens, which means the incentive to produce intelligence goes up *network wide*
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Greg Schvey
Greg Schvey@GSchvey·
$TAO is once again outperforming the broader crypto market and there are signals it is driven - at least somewhat - by demand for subnet tokens pulling TAO off exchanges. Shortly after @vidaio_ announced their Pip Studios partnership, 360+ TAO left known exchange addresses and flowed directly into their pool. Similar exchange-to-pool flow is visible with @theminos_ai following their HelixForge article, as 300+ TAO left exchanges and flowed into their pool over the subsequent 72 hours. And those are just a few subnets where that event-driven flow is visible over the past day. The intrinsic link between subnets and Bittensor as a whole is a uniquely powerful design primitive.
Greg Schvey tweet mediaGreg Schvey tweet mediaGreg Schvey tweet mediaGreg Schvey tweet media
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Greg Schvey
Greg Schvey@GSchvey·
For informational purposes only.  Nothing herein should be construed as financial, investment, legal, or tax advice.  This material does not constitute an offer to sell or a solicitation of an offer to buy any securities or tokens.  Investing in digital assets involves significant risk, including the potential loss of principal.  Subnet tokens do not represent equity or ownership interests in any entity.  Performance comparisons and index references are illustrative only and not indicative of future results.  Charts and indices are based on methodologies and assumptions that may change and may not reflect actual market conditions or liquidity.
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Greg Schvey
Greg Schvey@GSchvey·
And last but definitely not least, our subnet accelerator has helped a wide range of companies access Bittensor We help them acquire subnet slots, design incentives, provide marketing assistance, review pitch decks, make introductions to other investors, etc. At Yuma we deeply believe in the power of subnets and have helped many of the network's leading intelligence providers start and succeed.
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Greg Schvey
Greg Schvey@GSchvey·
Last week at the @YumaGroup Summit I had the opportunity to present on The State of Bittensor. That presentation is in the thread below. If you choose to read it, I'd ask that you keep the following three things in mind: 1. This is just one guy's view of what was the most relevant for a 25-minute talk; a difficult filter for such a dynamic industry 2. The slides were designed to supplement a talk; I've done my best to replicate what I recall of the talk in the accompanying X posts 3. The topic of the Summit was "The Tipping Point" - a candid assessment of what could lead to Bittensor's breakout success and what evidence we see of that today - which also thematically anchored this presentation Let's dive in:
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